I think that something of this nature would be a nice idea for members of a Free State to have and exchange, separate from Federal Reserve Notes. But I don't like the NORFED/LibertyDollar scheme, and here's why:
http://www.libertydollar.org/NRC/NRC_About.asp"It only takes $250 to become a RC. Out of the $250, your new RC gets back
$100 Liberty Dollars, your sponsor gets $100 in FRNs for sponsoring your new
RC and NORFED retains $50 for administration fees. Your new RC is now
upside-down for $150, but since you get $100 for every RC you sponsor, just
sponsor two friends and now you are up $50."
Then they say: "NORFED is not a Multi Level Marketing program (MLM). The RC
program is a single tier sponsorship program, so create as large a base as
possible, as soon as possible,..."
IT SURE FITS THE QUALIFICATIONS OF AN MLM. Perhaps they should read what an
MLM does before claiming they aren´t one.
if their "money" isn´t universally accepted, what´s the point? I can barter
using my own skills, which cost me nothing to own.
They, on the other hand, claim that it´s "fun", and you can "buy
LibertyDollars at a discount and use them at a profit" -- which is pysically
IMPOSSIBLE, and NOT TRUE EITHER. There AIN´T no such thing as a free lunch.
They are in it to make money like any other business, not for the good of
anyone, or they´d be giving them away without asking for $250 to be a
"Redemption Center".
A few more things...
Although they are selling a legitimate product, it is something that nobody
needs. They create the illusion that users of their product are doing
something good for the country, while at the same time, marketing their
product as something that you can use to make money.
If you do choose to become an RC and pay the $250, you loose $150 right up
front (which they admit), and the way they claim you should make it back is
by recruiting MORE RCs! Because every time someone signs up under you, you
make money off their sales of LibertyDollars.
This is obviously not a scheme to "help America."